Citigroup may pay $7 billion to resolve U.S. mortgage probes

Citigroup Inc is close to paying about $7 billion to resolve a U.S. probe into whether it defrauded investors on billions of dollars worth of mortgage securities in the run-up to the financial crisis, a source familiar with the matter said on Tuesday. A majority of the settlement is expected to b…

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Citigroup may pay $7 billion to resolve U.S. mortgage probes

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